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Prescription Drugs

Shkreli Ordered to Return $64M, is Barred from Drug Industry

NEW YORK (AP) — Martin Shkreli must return $64.6 million in profits he and his former company reaped from jacking... Read More

NEW YORK (AP) — Martin Shkreli must return $64.6 million in profits he and his former company reaped from jacking up the price and monopolizing the market for a lifesaving drug, a federal judge ruled Friday while also barring the... Read More

2021-12-15 21:24:08
by Alexa Hornbeck
House Oversight Committee Releases Drug Pricing Report

The House Oversight Committee recently released a drug pricing investigation report on the need for structural reforms.  “We will continue... Read More

The House Oversight Committee recently released a drug pricing investigation report on the need for structural reforms.  “We will continue our investigation on drugs, the cost of drugs and ways to make [them] more affordable for people. Right now, all... Read More

2021-12-07 17:56:35
by Dan McCue
Touting Reconciliation Bill, Biden Talks Up Prescription Drug Cost Savings

WASHINGTON — President Joe Biden reminded the public on Monday that the big social policy and climate spending bill currently... Read More

WASHINGTON — President Joe Biden reminded the public on Monday that the big social policy and climate spending bill currently in the Senate would deliver significant savings on prescription drugs for all Americans.  The pitch came as Americans and Congress... Read More

2021-11-30 23:02:56
by Dan McCue
FDA Panel Narrowly Approves Merck COVID-19 Pill

WASHINGTON — An advisory panel for the Food and Drug Administration narrowly approved the use of a COVID-19 pill manufactured... Read More

WASHINGTON — An advisory panel for the Food and Drug Administration narrowly approved the use of a COVID-19 pill manufactured by Merck. If the agency accepts the recommendation, molnupiravir would be the first drug Americans could be prescribed and take... Read More

2021-11-24 18:31:59
by Tom Ramstack
Ohio Jury Faults Pharmacies for Spurring Opioid Epidemic

CLEVELAND, Ohio — A landmark jury verdict Tuesday could make major pharmacy chains like CVS, Walgreens and Walmart liable for... Read More

CLEVELAND, Ohio — A landmark jury verdict Tuesday could make major pharmacy chains like CVS, Walgreens and Walmart liable for encouraging the opioid epidemic that kills thousands of Americans each year.  The verdict in federal court in Ohio is the... Read More

2021-11-19 20:56:42
by Tom Ramstack
Lawsuit Against Opioid Companies Blames COVID-19 for Aggravating Crisis

SEATTLE — Testimony this week during a civil trial in Seattle could explain why opioid deaths set a record of... Read More

SEATTLE — Testimony this week during a civil trial in Seattle could explain why opioid deaths set a record of more than 100,000 in a year by last April. The class action lawsuit seeks $95 billion in damages against pharmaceutical... Read More

2021-11-02 20:53:53
by Dan McCue
Schumer, Pelosi, Moderates Strike Deal to Lower Prescription Drug Prices

WASHINGTON — Senate Majority Leader Chuck Schumer, D-N.Y., announced Tuesday that Democrats have reached a deal on legislation to lower... Read More

WASHINGTON — Senate Majority Leader Chuck Schumer, D-N.Y., announced Tuesday that Democrats have reached a deal on legislation to lower prescription drug prices. "It's not everything we all wanted. Many of us would have wanted to go much further, but... Read More

Merck Says Experimental Pill Cuts Worst Effects of COVID-19

WASHINGTON (AP) — Drugmaker Merck said Friday that its experimental COVID-19 pill reduced hospitalizations and deaths by half in people... Read More

WASHINGTON (AP) — Drugmaker Merck said Friday that its experimental COVID-19 pill reduced hospitalizations and deaths by half in people recently infected with the coronavirus and that it would soon ask health officials in the U.S. and around the world... Read More

2021-09-14 21:06:15
by Dan McCue
Moderates Seek Changes to Drug Pricing Proposal

A group of moderate Democrats led by Rep. Scott Peters sought on Tuesday to change the House debate on how... Read More

A group of moderate Democrats led by Rep. Scott Peters sought on Tuesday to change the House debate on how prescription drug prices are set in the U.S., arguing sweeping proposals put forward by progressives could threaten passage of the... Read More

2021-09-09 19:41:12
by Dan McCue
White House Unveils Plan to Cut Prescription-Drug Prices

WASHINGTON -- The Biden administration on Thursday offered the first detailed look at actions the White House may take in... Read More

WASHINGTON -- The Biden administration on Thursday offered the first detailed look at actions the White House may take in conjunction with congressional action to lower prescription drug prices. The 29-page plan, released through the Department of Health and Human... Read More

2021-09-01 17:34:09
by Dan McCue
Kansas Health Officials Urging Residents Not to Take Livestock Drug for COVID

TOPEKA, Kan. - A drug most commonly given to horses and cows as an anti-parasite medicine should not be taken... Read More

TOPEKA, Kan. - A drug most commonly given to horses and cows as an anti-parasite medicine should not be taken by humans to treat or prevent COVID-19, the Kansas Department of Health and Environment said in a Wednesday advisory. Ivermectin... Read More

Judge Set to Rule on Purdue Pharma's Opioid Settlement Plan

A federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma,... Read More

A federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments over an opioid crisis that has killed a half-million Americans over the last... Read More

2021-08-23 20:53:05
by Dan McCue
Poll: NJ Voters Want a Fiscally Responsible Congress to Tackle True Health Care Concerns

Voters in New Jersey’s 5th Congressional District, a traditional swing or battleground district nestled against the southeast portion of New... Read More

Voters in New Jersey’s 5th Congressional District, a traditional swing or battleground district nestled against the southeast portion of New York State, are united in many key respects when it comes to spending and health care reforms, a recent survey... Read More

2021-07-23 20:15:27
by Tom Ramstack
Opioid Maker and Distributors Settle State Lawsuits for $26 Billion

A coalition of state attorneys general reached a $26 billion settlement with opioid maker Johnson & Johnson and three of... Read More

A coalition of state attorneys general reached a $26 billion settlement with opioid maker Johnson & Johnson and three of its distributors this week. They blame the companies for a half-million deaths in the United States from overdoses and addictions... Read More

Pfizer to Discuss Vaccine Booster with US Officials Monday

WASHINGTON (AP) — Pfizer says it plans to meet with top U.S. health officials Monday to discuss the drugmaker's request... Read More

WASHINGTON (AP) — Pfizer says it plans to meet with top U.S. health officials Monday to discuss the drugmaker's request for federal authorization of a third dose of its COVID-19 vaccine as President Joe Biden's chief medical adviser acknowledged that... Read More

2021-07-09 13:16:39
by Dan McCue
Both Sides Lay Cards on The Table on Drug Pricing

WASHINGTON - A trio of House Democrats, including House Speaker Nancy Pelosi, D-Calif., and Rep. Carolyn Maloney, D-N.Y., chair of... Read More

WASHINGTON - A trio of House Democrats, including House Speaker Nancy Pelosi, D-Calif., and Rep. Carolyn Maloney, D-N.Y., chair of the House Committee on Oversight and Reform, accused the nation’s largest pharmaceutical companies on Thursday of being more concerned with... Read More

2021-07-08 17:38:20
by Dan McCue
FDA Changes Prescribing Instructions for Controversial Alzheimer’s Drug

U.S. health regulators on Thursday approved new prescribing instructions that are likely to limit use of a controversial new Alzheimer’s... Read More

U.S. health regulators on Thursday approved new prescribing instructions that are likely to limit use of a controversial new Alzheimer’s drug. The announcement came through Biogen Inc., the maker of Aduhelm, which stated the update is intended to “clarify” the... Read More

More States Agree to Settlement Plan for Opioid-maker Purdue

More than a dozen states have dropped their longstanding objections to OxyContin maker Purdue Pharma's reorganization plan, edging the company... Read More

More than a dozen states have dropped their longstanding objections to OxyContin maker Purdue Pharma's reorganization plan, edging the company closer to resolving its bankruptcy case and transforming itself into a new entity that helps combat the U.S. opioid epidemic... Read More

2021-06-30 14:31:12
by Alexa Hornbeck
Health Summit Panel Debates Drug Pricing Proposals

Policymakers and representatives of the pharmaceutical industry debated the cost of prescription drugs and the myriad of proposals on Capitol... Read More

Policymakers and representatives of the pharmaceutical industry debated the cost of prescription drugs and the myriad of proposals on Capitol Hill to bring those prices down at last week's Milken Institute Future of Health Summit. Amitabh Chandra, a health care... Read More

Democrats Seek Narrow Path to Rein in Cost of Medicines

WASHINGTON (AP) — President Joe Biden's call for authorizing Medicare to negotiate lower prescription drug prices has energized Democrats on... Read More

WASHINGTON (AP) — President Joe Biden's call for authorizing Medicare to negotiate lower prescription drug prices has energized Democrats on a politically popular idea they've been pushing for nearly 20 years only to encounter frustration. But they still lack a... Read More

2021-04-19 14:18:13
by Tom Ramstack
Pharmaceutical Executives Suggest Annual COVID-19 Vaccinations

Officials from the top U.S. pharmaceutical companies making the COVID-19 vaccine are saying vaccinated persons are likely to need booster... Read More

Officials from the top U.S. pharmaceutical companies making the COVID-19 vaccine are saying vaccinated persons are likely to need booster shots within a year. In fact, they probably will need to get vaccinated yearly for the foreseeable future, similar to... Read More

2021-03-10 14:33:10
by Tom Ramstack
Alarming Lapses in Inspection of Drugs Made in Foreign Countries

WASHINGTON -- A government report released Tuesday raised alarms about the quality of pharmaceuticals made in foreign countries but consumed... Read More

WASHINGTON -- A government report released Tuesday raised alarms about the quality of pharmaceuticals made in foreign countries but consumed by Americans. It said the purity of the drugs is questionable because of a lack of adequate inspections by the... Read More

2020-12-18 16:01:29
by Tom Ramstack
Lawmakers Lay Blame for Opioid Epidemic on Purdue Pharma

WASHINGTON -- Members of Congress lashed into the Sackler family Thursday for its pharmaceutical company’s role in promoting a painkiller... Read More

WASHINGTON -- Members of Congress lashed into the Sackler family Thursday for its pharmaceutical company’s role in promoting a painkiller blamed for killing about 230,000 Americans. Lawmakers on the House Oversight and Reform Committee said the Sacklers and Purdue Pharma... Read More

Amid Hope for Pfizer Vaccine, States Grapple with Distribution

A COVID-19 vaccine from Pfizer Inc. may be on the horizon, but the cost of distributing vaccines across all 50 states and... Read More

A COVID-19 vaccine from Pfizer Inc. may be on the horizon, but the cost of distributing vaccines across all 50 states and who will pay for that operation remains a huge stumbling block. What is clear is that much of the financial... Read More

2020-11-09 21:30:37
by Dan McCue
Pfizer Says COVID-19 Vaccine Appears to be 90% Effective

Stocks surged around the world Monday after Pfizer announced that early results from trials of its coronavirus vaccine suggest the... Read More

Stocks surged around the world Monday after Pfizer announced that early results from trials of its coronavirus vaccine suggest the shots may be 90% effective at preventing COVID-19. But President-elect Joe Biden quickly reminded Americans that the good news does... Read More

Biden Advisers Met With Warp Speed Drugmakers Before Election

President-elect Joe Biden's health care advisers have held talks with pharmaceutical-industry executives in which they discussed Operation Warp Speed, the U.S. development program for... Read More

President-elect Joe Biden's health care advisers have held talks with pharmaceutical-industry executives in which they discussed Operation Warp Speed, the U.S. development program for coronavirus vaccines and treatments, according to people familiar with the matter. Biden advisers met with companies that have COVID-19 vaccines... Read More

Pharma Lobby Disputes Trump’s Claim That Drug Companies Are Negotiating

WASHINGTON — The pharmaceutical industry’s leading lobby group said Tuesday it did not know of a meeting at the White... Read More

WASHINGTON — The pharmaceutical industry’s leading lobby group said Tuesday it did not know of a meeting at the White House to discuss lowering prescription drug prices, after President Donald Trump said executives were coming in this week to negotiate.... Read More

2020-08-06 17:45:14
by Dan McCue
Trump to Require Government to Buy American When It Comes to 'Essential' Drugs

WASHINGTON - President Donald Trump signed an executive order Thursday requiring the federal government to buy "essential" drugs from U.S.... Read More

WASHINGTON - President Donald Trump signed an executive order Thursday requiring the federal government to buy "essential" drugs from U.S. companies, a White House trade advisor said. “If we’ve learned anything from the China virus pandemic, it is that we... Read More

2020-07-24 23:26:22
by Dan McCue
Slipping in Polls, President Banks All on Hastily Assembled Pharma Policy

WASHINGTON - President Donald Trump signed four executive orders Friday afternoon that he says will dramatically reduce the cost of... Read More

WASHINGTON - President Donald Trump signed four executive orders Friday afternoon that he says will dramatically reduce the cost of prescription drugs. But even before his press conference in the Old Executive Office building was over, the orders were being... Read More

2020-03-19 20:51:52
by Dan McCue
Schrader's Bipartisan Approach to Legislating Reaps Benefits on Drug Pricing, Education

WASHINGTON - Rep. Kurt Schrader doesn't miss a chance to reach across the aisle if it will benefit his constituents.... Read More

WASHINGTON - Rep. Kurt Schrader doesn't miss a chance to reach across the aisle if it will benefit his constituents. Among the most recent of multiple examples is the Oregon representative’s introduction of H.R. 4455, the Bolstering Innovative Options to... Read More

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